Description: The nature of life is one large balancing act. The act of leading any institution requires one to find the right balance of things to leave alone and things to change. My survey of the section’s current situation shows that things are humming along pretty smoothly. This is my way of saying, “Don’t expect dramatic changes.” I anticipate that we will continue the section’s mission of delivering a host of educational opportunities and funding research.

Description: Full version of The Financial Reporter, Issue No. 68, March 2007.

Description: Discusses Solvency II, the new solvency regime for all EU insurers, and what it means to US insurers.

Description: Discusses several possible developments on the financial front, each of which could have important implications for a company’s business plan.

Description: Feature article about the transitioning of life insurance products to RBC C3 Phase III.

Description: September 2008 issue of the Financial Reporting Section newsletter

Description: Feature article discussing quantitative impact studies, QIS5, on Solvency II.

Description: Feature article discussing the International Accounting Standards Board’s insurance contracts project.

Description: The article discusses the developments thus far with the adoption of the NAIC Valuation Manual and what steps still lie ahead. It also discusses the NAIC Life Actuarial Task Force’s response to the NAIC’s VM-20 Impact Study. In general, outcomes of the Phase III testing support the suggestion that the modifications made to VM-20 as a result of the NAIC Impact Study made progress in addressing the excessive conservatism demonstrated in the Phase I and Phase II testing.

Description: Members of the American Academy of Actuaries’ Solvency Committee have put together an acronym reference chart. This handy guide can be folded up to fit in your wallet and quickly reviewed so you can fearlessly enter an elevator.